All categories

2 years ago

Other things being equal, a supply of workers tends to put pressure on real wages.

Business

1 answer:

Sav [38]2 years ago

8 0

The answer is, larger; downward.

Other things being equal, a larger supply of workers tends to put downward pressure on real wages.

<h3>How do wage increases affect the demand for and supply of labor?</h3>

The quantity of work required will alter in response to changes in pay or salary.
Employers will want to hire fewer workers if the pay rate rises.
There will be a reduction in the amount of labor requested and an upward shift in the demand curve.

<h3>What causes wage increase?</h3>

There are several reasons why employers may decide to raise salaries.
An increase in the minimum wage is the most frequent justification for wage increases.
The minimum wage can be raised by both the federal and state governments.
Companies that manufacture consumer items are also renowned for giving their employees small pay raises.

<h3>How does wage increase affect supply?</h3>

The aggregate supply curve shifts inward when the money wage rate increases, which results in a decrease in supply at all price levels.
The aggregate supply curve shifts outward as the money wage rate declines, increasing the quantity supplied at any price level.

Learn more about real wages here:

brainly.com/question/1622389

#SPJ4

You might be interested in

Which of the following would cause a "Prior Period Adjustment" to be reported on the 2025 Statement of Retained Earnings?

Fynjy0 [20]

Answer:

Cause of a "Prior Period Adjustment in 2025 Statement of Retained Earnings:"

A. Failure to Accrue Revenue at 12/31/24, but not 12/31/21 Depreciation Overstatement.

Explanation:

A company's failure to accrue revenue in accordance with the accrual concept and revenue recognition principle means that there is a "Prior Period Error" which must be corrected retrospectively in the financial statements (Retained Earnings). Retrospective restatement involves the correction of the error arising from the recognition, measurement, and disclosure of amounts of elements of financial statements. The restatement is done as if a prior period error had never occurred.

5 0

3 years ago

Which of the following is not a payroll tax deduction?

Wittaler [7]

Answer:

The Correct Answer is B.

Sales tax.

Explanation:

Sales tax is the Tax imposed by the government body during the sale of the goods and services at a retail level.

While payroll tax is the tax which is imposed on the salary of the employees and this tax is imposed by the employer. payroll taxes are directly deducted from the salaries of the employees and directly paid to the internal revenue services by the employer.

8 0

3 years ago

Omicron Technologies has $60 million in excess cash and no debt. The firm expects to generate additional free cash flows of $48

pochemuha

Answer:

The closest answer is option (A) $4.45

Explanation:

Solution

Now

Let us assume that Omicron spends the entire $60 million to re-bought shares.

Thus

The amount of the regular yearly dividends in the future is nearest to:

Enterprise value =$48/0.10 = $480 million

The market value = Enterprise value + cash = $480 + $60 = $540 million

Share price = market value / shares outstanding = $540 million / 12 million = $45

Now

The number of shares re-bought = $60 million / $45 = 1,333,333 shares

Shares outstanding = 12,000,000 - 1,333,333 = 10,666,667

Dividend = $48 million free cash flow / 10,666,667 = $4.49

Therefore The amount of the regular yearly dividends in the future is closest to $4.45

4 0

3 years ago

Tread Inc. is the market leader for sports shoes in the subcontinent of Gavon. Though the brand has not introduced any new produ

Harman [31]

Answer: The answer is b

Explanation:

The concept of advertising response function is based on the theory of marginal physical product and shows the relationship between advertising and the level of consumption of the goods by the consumers. The theory of marginal physical product states that when there is a change in total product resulting from one unit change in the quantity of the resources used per unit of time. When average product is increasing ,marginal physical product is greater than average product,when average product is maximum ,marginal physical equals average product .when average product is decreasing marginal physical product is less than average product.The theory of marginal physical product can also be called the law of diminishing return which states that if increasing quantities of one factor of production are used in conjunction with a fixed quantity of other factors then, after a certain point each successive unit of the variable factor will make smaller and smaller addition to the total output. In this case, the law tells the Trend Inc when to stop adding more input of the variable factor to a fixed factor.

Invariably, we are saying that it high time for Trend Inc, should spend proportionately less on advertising than on newer line. It should now spend more money on bringing of new product into the market than spending more on the advertisement of the sport shoes because at a certain point the demand for the old product will fall when diminishing return must have set in on the product demand.

5 0

3 years ago

All of the following are functions of a knowledge management system EXCEPT: a. designing information systems. b. improving colla

Alika [10]

Answer:

designing information systems

Explanation:

knowledge management system are system designed to managed the knowledge of a company. The design of IT Systems is not under it scope.

7 0

3 years ago

Other things being equal, a ________ supply of workers tends to put ________ pressure on real wages.

Other things being equal, a supply of workers tends to put pressure on real wages.